Director / PDMR Dealing

RNS Number : 5047F
Premier Miton Group PLC
09 March 2020
 

9 March 2020

Premier Miton Group plc

("Premier Miton" or the "Company")

Director / PDMR Dealing

Premier Miton Group plc (AIM: PMI) today announces that it has been notified of the following transactions in the Company's ordinary shares of 0.02p each (the "Shares").

 

Vesting of Shares

On 7 March 2020 awards over a total of 1,184,476 Shares vested to certain Persons Discharging Managerial Responsibilities ("PDMRs") and other employees  (the "Vesting").  On 7 March 2017, the Company (formerly Premier Asset Management Group plc ("Premier")) had announced that nil-cost contingent share rights (the "Retention Awards") had been granted over an aggregate of 1,216,667 Shares in Premier to certain PDMRs and other employees. The Retention Awards had a three year vesting period and were satisfied from Shares held in an Employee Benefit Trust. A Retention Award over 166,666 Shares vested in full to Mike O'Shea, PDMR.

 

Transfer of Shares

The transfer by Mike O'Shea, PDMR, of 663,313 Shares to a Family Trust account pursuant to an instruction given today.

 

As a result of the Vesting and Transfer of Shares, Mike O'Shea, Chief Executive Officer, a PDMR of the Company, now holds interests over the following number of Shares in the Company:

 

PDMR

Shares vested

Shares transferred

Total Interests over Shares

Percentage of Issued Share Capital

Michael O'Shea

166,666

663,313

2,816,672*

1.78%

 

 

* including Shares held by his spouse and in their respective SIPPs.

 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

 

1 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Michael O'Shea  - Chief Executive Officer

2

Reason for the notification 

a)

Position/status 

Chief Executive Officer - classified as PDMR of the Company

b)

Initial notification /Amendment 

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name 

Premier Miton Group plc

b)

LEI 

213800LK2M4CLJ4H2V85

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument 

Identification code 

Ordinary shares of 0.02p each in Premier Miton Group plc.

ISIN: GB00BZB2KR63

b)

Nature of the transaction 

Vesting of Ordinary Shares in Premier Miton Group plc

c)

Price(s) and volume(s)

 

Price- nil

Volume: 166,666

 

d)

 

Aggregated information 

 

n/a

e)

Date of the transaction 

7th March 2020

f)

Place of the transaction 

Outside a trading venue

 

1 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Michael O'Shea  - Chief Executive Officer

2

Reason for the notification 

a)

Position/status 

Chief Executive Officer - classified as PDMR of the Company

b)

Initial notification /Amendment 

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name 

Premier Miton Group plc

b)

LEI 

213800LK2M4CLJ4H2V85

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument 

Identification code 

Ordinary shares of 0.02p each in Premier Miton Group plc.

ISIN: GB00BZB2KR63

b)

Nature of the transaction 

Vesting of Ordinary Shares in Premier Miton Group plc

c)

Price(s) and volume(s)

 

Price- nil

Volume: 663,313

 

d)

 

Aggregated information 

 

n/a

e)

Date of the transaction 

9th March 2020

f)

Place of the transaction 

Outside a trading venue

 

For further information, please contact:

 

Premier Miton Group plc

Mike O'Shea, Chief Executive Officer

 

 

01483 306 090

 

Numis Securities Limited (NOMAD and Broker)

Charles Farquhar / Kevin Cruickshank / Huw Jeremy

 

 

020 7260 1000

 

Liberum Capital Limited (Joint Broker)

Richard Crawley / Jamie Richards

 

 

020 3100 2000

Smithfield Consultants (Financial PR)

John Kiely / Andrew Wilde

 

 

020 3047 2544

 

 

Notes to editors:

Premier Miton is focused on delivering good investment outcomes for investors through relevant products and active management across its range of investment strategies, which include multi-asset, equity, absolute return and fixed income. The Company had assets under management of £11.6 billion as at 31 December 2019.

 

Notification and public disclosure of transactions by persons discharging managerial


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHFLFIDVTIAIII
UK 100

Latest directors dealings